MVB FINANCIAL CORP financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data MVB FINANCIAL CORP files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	2.06	2.28	2.24	3.4
Selling and marketing	1.25	1.18	1.14	1.29	1.1	0.53
Operating expenses	84	85
Interest expense	11.1	12.3	17.7	23	11.6	6.27	14.2	66.5
Pre-tax income	13.4	12.3	15.4	35	46.9	47.5	15	27.3	26.3	36.9
Income tax	4.38	4.76	3.37	8.45	9.53	9.64	3.29	5.07	6.1	9.93
Income from continuing operations	8.98	7.58	12	26.6	37.4	38.7	14.4
Net income to minority interests				0	0	-0.43	-0.66	-0.23	0.15	-0.02
Net income	12.9	7.58	12	27	37.4	39.1	15	31.2	20.1	26.9
EPS, basic	1.44	0.69	1.04	2.26	3.13	3.32	1.23	2.46	1.56	2.11
EPS, diluted	1.31	0.68	1.00	2.20	3.06	3.10	1.17	2.40	1.53	2.06
Shares, basic (weighted)	8.21	10.3	11	11.7	11.8	11.8	12.3	12.7	12.9	12.8
Shares, diluted (weighted)	10.1	10.4	12.7	12	12.1	12.6	12.9	13	13.1	13.1
Dividend per share	0.08	0.10	0.11	0.20	0.36	0.51	0.68	0.68	0.68	0.68

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	17.3	20.3	22.2	28	264	307	40.3	398	318	244
Property, plant and equipment	25.1	26.7	26.5	22	26.2	25.1	23.6	20.9	12.5	10.4
Lease right-of-use assets				13.2	17.5	17.5	13.9	12.9	26.9	24.7
Goodwill	18.5	18.5	18.5	19.6	2.35	3.99	2.84	2.84	2.84	1.2
Intangible assets	0.74	0.65	0.55	3.47	2.4	2.32	1.63	0.35	0.26	0
Total assets	1,419	1,534	1,751	1,944	2,331	2,792	3,069	3,314	3,129	3,309
Total liabilities	1,273	1,384	1,574	1,732	2,092	2,517	2,807	3,025	2,823	2,975
Total debt	124	186	232	227
Paid-in capital	93.4	98.7	117	123	129	144	157	160	165	170
Retained earnings	31.2	37.2	48.3	72.5	105	138	145	161	172	190
Treasury stock	-1.08	-1.08	-1.08	-1.08	-16.7	-16.7	-16.7	-16.7	-16.7	-27
Other comprehensive income	-4.28	-2.99	-6.81	-1.32	2.23	-3.61	-37.7	-28.8	-28.2	-13.9
Shareholders' equity	146	150	177	212	239	274	261	289	306	334
Minority interests					0	0.98	0.31	-0.04	0.11	0
Total equity	146	150	177	212	239	275	261	289	306	334
Total liabilities and equity	1,419	1,534	1,751	1,944	2,331	2,792	3,069	3,314	3,129	3,309
Shares outstanding	10	10.4	11.6	11.9	11.5	12.1	12.6	12.8	12.9	12.7

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	12.9	7.58	12	27	37.4	38.7	14.4	31	20.2	26.9
Depreciation and amortization	3.41	2.69	2.94	3.26	3.29	4.2	5.32	5	3.93	2.6
Stock-based compensation	0.57	0.81	1.27	1.76	2.35	2.63	2.8	2.66	2.91	3.8
Deferred income tax	0.71	1.35	0.14	-3.95	-3.39	6.13	-3.63	0.1	2.2	-0.39
Cash from operations	25.3	33.1	6.69	-8.06	112	34.8	7.35	58.2	-0.29	4.03
Capital expenditures	-1.67	-4.5	-2.69	-2.04	-6.62	-4.87	-3.04	-1.92	-1.62	-1.92
Acquisitions		0	0	-2.65	57.3	-0.77	0	0
Purchases of investments	0	0	-2	-71	-270	-217	-89.6	-89.5	-112	-212
Sales and maturities of investments	17.8	19	25.7	33.6	64.5	49.2	21	76.6	17.4	127
Cash from investing	-56	-136	-210	-120	-294	-572	-571	88.2	144	-209
Debt issued	0
Debt repaid					0	0	-0.13	-3.03	-6.85	0
Stock issued	0.03	-0.01	2.13	2.16	4.46	4.93	2.07	0.64	1.49	2.3
Share buybacks			0	0	-15.7	0	0	0	0	-10.2
Dividends paid	-0.65	-1.03	-1.22	-2.29	-4.28	-6.04	-8.36	-8.64	-8.77	-8.71
Cash from financing	18.9	106	205	134	418	581	297	211	-224	131
Net change in cash	-11.8	2.97	1.92	5.78	236	43.5	-267	358	-80.3	-73.8
Free cash flow	23.6	28.6	4	-10.1	106	30	4.31	56.3	-1.91	2.11
Interest paid	10.9	12.4	17.3	23	12.3	6.15	12.3	66.7	73.2	71.5
Income taxes paid	6.92	6.03	0.19	3.96	12	12	2.29	13.1	0.92	17.5

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $30.12 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Effective tax rate	24.7%	Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)	1.1%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Net income growth, 1y	34.1%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	21.4%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	-6.4%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	34.6%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	20.8%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	-7.6%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow CAGR, 3y	-18.2%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-48.6%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow CAGR, 3y	-21.2%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	-54.3%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	0.0%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	0.0%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	13.6%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	9.3%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	8.6%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	6.9%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	5.8%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	2.5%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	7.3%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-0.2%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	0.6%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	1.6%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Liabilities / assets	90.3%	Total liabilities / total assets.
Goodwill and intangibles / assets	0.0%	(Goodwill + intangible assets) / total assets.

Efficiency

Metric	Value	How it is calculated
FCF conversion	-96.9%	Free cash flow / net income, when net income is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$2.96	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
FCF per share	-$2.85	Free cash flow / diluted weighted shares.
Operating cash flow per share	-$2.70	Cash from operations / diluted weighted shares.
Cash per share	$24.14	(Cash + short-term investments) / shares outstanding.
Payout ratio	22.3%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$390.6M	Share price x shares outstanding.
Enterprise value	$78.0M	Market cap + total debt - cash - short-term investments.
P/E	10.1x	Market cap / net income. Only when net income is positive.
FCF yield	-9.6%	Free cash flow / market cap.
Earnings yield	9.9%	Net income / market cap (the inverse of P/E).
Dividend yield	2.2%	Dividends paid over the period / market cap.
Shareholder yield	2.2%	(Dividends paid + share buybacks) / market cap.
PEG	0.49x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

Was MVB FINANCIAL CORP profitable in fiscal 2025?

Yes. Net income was $26.9M, a net margin of -.

How much free cash flow did MVB FINANCIAL CORP generate in fiscal 2025?

Cash from operations of $4.0M minus capital expenditures of $1.9M left free cash flow of $2.1M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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